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TON Labs To Develop Platform For Digital Payments

13:24 18/04/2019
TON Labs To Create Digital Payment Platform

TON Labs, the developer of Telegram Open Network, in collaboration with the financial technology company Wirecard, will create a new platform for digital services in the field of finance, according to a press release.

 

The management of both companies expresses the hope that the development of solutions based on distributed ledger technology will contribute to the innovative development of the TON and Telegram ecosystems.

 

The TON network will be able to create new lines of business for the developing Telegram ecosystem, Alexander Filatov, a representative of the TON Labs management, stated. He expressed satisfaction with the cooperation with Wirecard and said that it will be possible to develop a new generation of financial and technological solutions in the market through the partnership.

 

Such developments include infrastructure for projects based on distributed ledger technology, improvement of payment systems, banking and other financial services.  Any projects that will help develop the TON blockchain will be welcome.

 

George von Waldenfels, Executive Vice President for Business Development Group at Wirecard, noted TON Labs' extensive experience in developing innovative technology solutions and the growing popularity of the Telegram messenger worldwide.

 

The companies have not yet disclosed the details of the cooperation, but they promise to provide soon more detailed information on the stages of developing solutions.

 

As previously reported, Telegram started testing the TON blockchain in a limited circle of professional users.

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